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  • #16,441
  • Jun 7, 2023 7:44am Jun 7, 2023 7:44am
Quoting Nsak3y
{quote}-Ugh. I have been ranting about the SEC all morning.
Its very inviting for them if you are offering a centralized product without a license.
  • #16,442
  • Jun 7, 2023 7:50am Jun 7, 2023 7:50am
Quoting Takisd
The source of all these 8cap/thinkmarkets/purpleheadedmonster prop firms is one single tech provider with an out of the box solution. They are facilitating the bullshit. The funniest thing i see today on twitter is mffx talking about doing futures. Open your door sir, invite the SEC in.
SEC is piece of shit. You dont want to involve it will ruin MyFF, E8, TFT all prop firms. I rather avoid them even if market is flooded with 1000 funding talent like companies.
  • #16,443
  • Jun 7, 2023 7:54am Jun 7, 2023 7:54am
Quoting Takisd
Its very inviting for them if you are offering a centralized product without a license.
-Yeah, like to ... really tasty for them.
  • #16,444
  • Jun 7, 2023 8:05am Jun 7, 2023 8:05am
Quoting Nsak3y
{quote}-Yeah, like to ... really tasty for them.
But... the prop firms need more than a pot to piss in for the SEC to be even interested in sniffing it. They only exist to exhort and fine disproportionately while looking after their mates in the clubhouse.. doubt the 5ers with a £1.50 UK shell company and manboy Blake running insta from his mums spare room is gonna rattle the guardians of American Security..?
  • #16,445
  • Jun 7, 2023 8:12am Jun 7, 2023 8:12am
Quoting Fagin
{quote} But... the prop firms need more than a pot to piss in for the SEC to be even interested in sniffing it. They only exist to exhort and fine disproportionately while looking after their mates in the clubhouse.. doubt the 5ers with a £1.50 UK shell company and manboy Blake running insta from his mums spare room is gonna rattle the guardians of American Security..?
Dno about blake, but the5ers would if they were US citizens, but they are Israeli.

A 26 yr old running his mouth on social media with 2-5 million revenue a month? They will take notice when it comes to centralized products for sure.
  • #16,446
  • Jun 7, 2023 8:17am Jun 7, 2023 8:17am
Quoting Takisd
A 26 yr old running his mouth on social media with 2-5 million revenue a month? They will take notice when it comes to centralized products for sure.
-And even if they do not, there are other groups here that can create enough burdens to, at the very least, incentivize firms to relocate.
  • #16,447
  • Jun 7, 2023 8:21am Jun 7, 2023 8:21am
Quoting Nsak3y
{quote}-And even if they do not, there are other groups here that can create enough burdens to, at the very least, incentivize firms to relocate.
London comes highly recommended, dirtiest place in the world to keep your money moving...
  • #16,448
  • Jun 7, 2023 8:28am Jun 7, 2023 8:28am
Quoting Fagin
London comes highly recommended, dirtiest place in the world to keep your money moving...
-I thought the UK was just another nanny state? Although, I suppose, if you have enough money, then you can do what you want, where you want. We are just mere peasants here.
  • #16,449
  • Jun 7, 2023 8:55am Jun 7, 2023 8:55am
Quoting Expo33
I'm generally anti-social media but since I recently started a youtube channel I decided to do the right thing and engage with people on different platforms and pretend like I care about their future success. I found that the prop firm space on Twitter is literally an orgy of giveaways, contests, and CEOs jerking each other off. It's kind of like a bad car wreck, I can't look away.
Would love to see you explaining WWs on youtube. Could you please explain what should we do if the sweet zone is too narrow and price go beyond that. Can we take trade if AB=CD is getting completed at fib levels even if it is out of sweet zone? or should we wait till price gets back to sweet zone which will make the SL bigger
Is it safe to trade outside the sweetzones if the Zone is too narrow?
  • #16,450
  • Jun 7, 2023 9:08am Jun 7, 2023 9:08am
Quoting Nsak3y
{quote}-I thought the UK was just another nanny state? Although, I suppose, if you have enough money, then you can do what you want, where you want. We are just mere peasants here.
Think we are the 51st nanny state...
  • #16,451
  • Jun 7, 2023 9:21am Jun 7, 2023 9:21am
Quoting Takisd
The source of all these 8cap/thinkmarkets/purpleheadedmonster prop firms is one single tech provider with an out of the box solution. They are facilitating the bullshit. The funniest thing i see today on twitter is mffx talking about doing futures. Open your door sir, invite the SEC in.
"We are operating as a fking unlicensed securities exchange in the USA bro"
  • #16,452
  • Jun 7, 2023 9:24am Jun 7, 2023 9:24am
Quoting Capablanca
The rule seems even more bizarre when we know it's +/- 2 minutes also for speeches. When Powell or Lagarde are speaking, after the notes release, the tickers stay volatile for much more than the initial 2 minutes of their opening statement. But the props are only concerned about what is said in the initial 2 minutes. That's some kind of a joke. And BeSpoke was even worse. Any news were affecting any pair or instrument. So someone with a EURCHF or oil would have to take into consideration a JPY stuff at 4 am. (they eliminate the news rule)....
Play with rules keep position size so small that 100-200 pips move will not dent anything They need to come up something like TFT or FTMO where they have low leverage account
  • #16,453
  • Jun 7, 2023 9:26am Jun 7, 2023 9:26am
Quoting LehmanBrotha
{quote} "We are operating as a fking unlicensed securities exchange in the USA bro"
Unlicensed securities are way better than licensed ones compare spreads of eightcap vs Forex.com or Oanda. Eightcap will beat them any day. As long as they pay it doesn't matter.
  • #16,454
  • Jun 7, 2023 9:35am Jun 7, 2023 9:35am
Quoting Fagin
Think we are the 51st nanny state...
-You probably have that backwards. Give yourself more credit.
  • #16,455
  • Jun 7, 2023 9:52am Jun 7, 2023 9:52am
Quoting Nsak3y
{quote}-You probably have that backwards. Give yourself more credit.
Lol, yes that's about right!
  • #16,456
  • Jun 7, 2023 10:55am Jun 7, 2023 10:55am
Quoting LehmanBrotha
{quote} "We are operating as a fking unlicensed securities exchange in the USA bro"
no man it will be "We were the first to bring unlicensed b-book exchange traded futures to the market.".

Followed by:

"First company to offer prop trading from an orange jumpsuit, use code SECFRAUD for 50% off 10k accounts"
  • #16,457
  • Jun 7, 2023 11:20am Jun 7, 2023 11:20am
Quoting Tauqueer
{quote} Would love to see you explaining WWs on youtube. Could you please explain what should we do if the sweet zone is too narrow and price go beyond that. Can we take trade if AB=CD is getting completed at fib levels even if it is out of sweet zone? or should we wait till price gets back to sweet zone which will make the SL bigger Is it safe to trade outside the sweetzones if the Zone is too narrow?
I'd love to see Jessica G dancing on a pole but that's probably not going to happen either
Pride always comes before destruction.... -Proverbs 16:18
  • #16,458
  • Jun 7, 2023 11:23am Jun 7, 2023 11:23am
Quoting Takisd
The source of all these 8cap/thinkmarkets/purpleheadedmonster prop firms is one single tech provider with an out of the box solution. They are facilitating the bullshit. The funniest thing i see today on twitter is mffx talking about doing futures. Open your door sir, invite the SEC in.
And yet the SEC somehow didn't catch on to SCAM Bankman-Fried. Guess you gotta line the pockets of those that feed you.
Pride always comes before destruction.... -Proverbs 16:18
  • #16,459
  • Jun 7, 2023 11:26am Jun 7, 2023 11:26am
Quoting Expo33
{quote}And yet the SEC somehow didn't catch on to SCAM Bankman-Fried. Guess you gotta line the pockets of those that feed you.
Crypto is probably easier to get away with it as well as living on an island somewhere. That being said, paying off politicians generally is a longevity strategy see: Jeffrey Epstein.
  • #16,460
  • Jun 7, 2023 11:30am Jun 7, 2023 11:30am
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